Bloomberg

Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences.

Walmart Foundation announced grants of $4.8 million (around Rs 34 crore) to two companies for corporate social responsibility programmes to improve farmer livelihood in India.

The grant will be given to Digital Green and TechnoServe to enable programmes that help smallholder farmers have access to agriculture technology, provide training on sustainable farming methods, enhance access to formal markets, and build skill and capacity for farmer producer organisations.

These grant are part of $25 million (Rs 180 crore) support announced by Walmart Foundation last September.

“With today’s announcement, the Walmart Foundation has contributed over $10 million (around Rs 71 crore) towards its $25 million goal,” said Walmart in a statement.

These grants are expected to have a positive impact on more than 81,000 farmers in Andhra Pradesh, Telangana and Uttar Pradesh, which also include more than 29,030 woman farmers.

“Last year in September, Walmart Foundation had committed to contribute $25 million over the next five years to improve farmer livelihood in India. As part of this commitment, we have announced the two grants to TechnoServe and Digital Green,” said Walmart Foundation President and EVP Kathleen McLaughlin.

Walmart India has also made commitments to directly source 25 percent of the produce from smallholder farmers for its Cash & Carry stores by 2023, McLaughlin added.

We hope that Walmart Foundation's commitment, alongside the work of Walmart India's direct farm sourcing teams will help contribute to sustainable agriculture development in India, she said.